Showing posts with label campaign funds. Show all posts
Showing posts with label campaign funds. Show all posts

Friday, January 22, 2010

Tweedledee and Tweedledum - 48 Hours after Massachusetts both Parties Double Cross Public

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In a stunning reaction to the Supreme Court ruling on campaign finances, both Democrats and Republicans seem to be suffering short term memory loss from the Massachusetts Senate debacle and they immediately took the most hypocritical and self-destructive positions possible. One thinks the American public knew this was coming, just more of the same politics as usual.

As for the lesson at the Boston Tea Party last Tuesday night, it fell on deaf ears in the White House and in both political party caucuses in the House and Senate. People are fed up with politics as usual. The Wednesday morning after the election Obama, Reid, Pelosi and the Republicans all said they recognized the angry mood of the public.



By Thursday both parties hoped the public would remember what they said Wednesday and forget what they had said before Wednesday. Thursday both had returned to vintage form in responding to the Supreme Court decision regarding campaign finance. You need a daily scorecard to keep track of how many times they change positions per day.

Obama led the Democrats in condemning the Supreme Court decision saying it opened the floodgates to corporate financing of candidates. Duh... As reported before, Obama and the Democrats are the chief beneficiary of corporate money in campaigns. They also failed to mention the unions were also given carte blanc to buy politicians by the Supreme Court. So the Democrats double crossed the public less than 48 hours after the campaign catastrophe in Boston.



How about the new found populist element of the Republican party? Well they double crossed the public in the same 48 hour period when they reacted to the Supreme Court ruling by saying it restored free speech in America or it puts media corporations and the rest of corporate America on the same footing. Either way it means the same thing, they supported the decision.



Both political party bosses and our young president sank back into the old world of politics before the ink even dried on the stories of how they learned their lesson in Massachusetts. My goodness, the mental institutions are filled with people with multiple personalities, self-destructive psychosis and subliminal paranoia.

Get out the straight jackets and move over patients, we have 539 politicians, (437 House, 100 Senate and 2 in White House - Obama & Biden) in need of a heavy dose of America's favorite cocktail, Prozac, or kid's drink, Ritalin, a straight jacket and a few years to sleep off their attack of sheer idiocy.



Obama, the Democrats and Republicans are all addicted to corporate and union money and all share in the spoils of hundreds of millions of dollars being poured into campaigns by special interests who own our elected leaders. Do not express your dismay, shock or approval in press conferences while you are stuffing your campaign accounts with money from these bad guys.



Any politician who takes the money or support from such dirty money should admit their deception immediately and give back the bucks or be thrown on the scrap heap of history. Untruth still rules our nation's capitol and the Non-political Independent movement that has already plowed through Virginia, New Jersey and Massachusetts the last few weeks can take aim at the rest of the gang in DC and keep on house cleaning.



We will continue reporting on the hypocrisy as long as the lies and cover ups keep flowing from the mouths of the guilty in Washington. Keep it up people, we have a lot of straight jackets to fill. In the meantime responsible public officials will eliminate private financing of campaigns, make corporate and union contributions of any kind illegal, provide limited public financing and require media to give ads to viable candidates. It does not take a rocket scientist to figure out how to eliminate corruption, just an honest president and congress.

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Supreme Court Knocks Down Corporate & Union Spending Limits - Time to Get Rid of All Special Interest Bribes

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In a stunning decision the US Supreme Court knocked down the federal limits on non-candidate spending in campaigns. What this means is there is no limit to the money corporations or unions can spend in support of federal candidates for office as long as they don't give it directly to the candidates. The current spending limits on campaign contributions will remain.



Now we will see if our Congress and President intend to work for the people or for special interests. If they have heard the disgust of the people toward current campaign spending and special interest influence they will find a way to stop all corporate and union contributions and expenditures for campaigns on the grounds that it will protect the integrity of campaigns.



A ban on all contributions in the interest of fairness and assuring equal opportunity to get elected would go a long ways toward cleaning out the mess Congress has made of campaign finance laws. This action by the Supreme Court though stunning in throwing the door open to millions more in special interest money, also will demonstrate once and for all which elected officials serve the public and which serve special interests.



You will be kept informed of those that are for and against the people and the revolution of getting rid of politics as usual will have a daunting task ahead, purging our nation's capitol of corruption once and for all. Watch for campaign reform actions. If there are none then they are all crooks.

Friday, January 15, 2010

Omaha Slaps Bank Tax on Public - To Be Paid by 2018 - Rakes in Millions from Banks in 2010

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Come on Mr. President, you demonstrate how hard you will be on the banks by slapping a $90 billion tax over the next 8 years yet squeeze them for hundreds of millions of dollars in campaign funds right now. What kind of math is that? Just how does the public benefit from your campaign coffers and those of all your cronies on capitol hill? And by the way, the real economic crooks were running hedge funds and derivative funds that were sold to those bad banks but you forgot to punish them. Is that fair?



Clearly the Obama gang thinks very little of the common sense of Americans. The same day Obama was raising $90 billion from the banks, assuming congress is stupid enough to pass it, Obama is guaranteeing the labor unions that their extravagant health insurance benefits would not be taxed until 2018 as a bribe to get their support for health care. Seems the union members have Cadillac health care like Congress and the fat cats on Wall Street.

So we go after the banks for a paltry sum compared to the damage they did to the economy, a few trillion dollars lost to the little people in America. And we exempt unions from being taxed for health benefits that we are already paying for through the auto bailout, the transfer of GM stock to the unions, and the stimulus to help car sales. Now aren't these the same health care benefits that broke the auto companies in the first place and plunged them into bankruptcy?



Sometimes I am in awe of the Harvard business school accounting of government expenditures and national debt that seems to emit from the Obama economic team. Their actions would at least seem sincere if they were not shaking down Wall Street and all of corporate America for millions of dollars in campaign contributions from the very special interests Obama was going to run out of Washington.

So far his effort to purge capitol hill of lobbyists has consisted of having them all move to the White House where they will be taken care of if they contribute to the Democratic campaign funds. I really like this election year. The Democrat Speaker of the House, Steny Hoyer, has already raised money from every major bank and pharmaceutical company on Wall Street including Goldman Sachs, JP Morgan Chase, CitiGroup, Bank of America, Morgan Stanley and a blue chip list of other Wall Street titans.

I wonder when the tsunami of Wall Street money flooding into Obama and the Democrats in congress becomes a conflict of interest? If Obama was being so hard on Wall Street why are they having record profits in the first place? If Obama was so hard on pharmaceutical lobbyists why are they pouring money into his campaigns? And if Obama was so hard on the health insurance providers why did their stock value skyrocket when the Obama Health Care bill passed the Senate?



The facts seem to contradict the words of our president in spite of his failure to see his own hypocrisy. Maybe he should consider that the people see through his hypocrisy as well. As his poll numbers fall through the floor and he drags Democratic candidate after Democratic candidate with him someone should tell him he is captain of a runaway train heading for a big wreck, not captain of the ship of state.

Slow down Mr. President, the time for a full court press is when you have a chance to win the game, not after it is hopelessly lost.

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Thursday, January 14, 2010

Obama Completes New American Paradigm - Democrats Now Party of Big Banks, Big Pharma, Big Interests and Big Bucks

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Barack Obama ran on a platform of promising change and people have waited a year to see what kind of change he would deliver. The answer is finally in and the picture isn't easy to take for the lifelong members of the Democratic party. The Democrat party is no longer the people's party, the unique conglomeration of diverse partisans who had no other home for their cause.

Thanks to the new President from Harvard where money talks and money walks the Democrats have now become the political party of Wall Street, big banks, big pharma, big insurance and big money. Left in the debris of a once proud party of the people are the traditional Democrats from labor, teaching, minorities, Catholics and every other group that does not have extremely deep pockets.



How did our new president reverse the political landscape and take the Democrats from the populists to protectors of big money? Perhaps he spent too much time at Harvard researching the wealth of the Harvard endowment fund and the source of that wealth. Or maybe it was the dominating influence of his Chief of Staff Rahm Emanuel who set out a couple of decades ago to become the poster boy for protecting Wall Street. Or maybe it was the stark realization that in today's world of politics money is everything as long as the campaign rules are not changed.

Whatever, while his domestic and foreign policy agendas fell flat on their face and the public revolted against the big government, big spending, big deficits and big taxes he proposed in health care, energy, the environment, housing, and many other areas, he was slamming through a seemingly dumbfounded congress the foundation for his new paradigm. He got bank bailouts, insurance bailouts, auto bailouts, Wall Street bailouts, housing bailouts, secret deals with big pharma, all were meant to guarantee the survival of the money mongers regardless of the impact on the people.



As a result the people's candidate became the beneficiary of all those bad guys he promised to stop when he was still a candidate, a promise his record demonstrated was just another political lie from just another Washington politician. Suddenly an avalanche of big money flooded in to Obama and all those who agreed to be his puppets. In fact over $429 million has flowed into congressional campaign funds for the 2010 elections and it is only mid-January.



Where are the Obama windfall campaign funds going? Democrats dominated the big business fund raising marathon capturing seven of the top ten places in the House and eight of the top ten places in the Senate. House Democrat Majority Leader Steny Hoyer of Maryland led all House members for receiving special interest funding to such an astounding degree that every major bank receiving Obama bailout funds contributed to his 2010 campaign funds. Even Charles Rangel, Democrat of New York hit the top ten and he is under a long delayed investigation for cheating big time on his taxes.



Any Democrat who voted for health care reform would share in the hundreds of millions of dollars paid out by the pharmaceutical and insurance industries to support health care reform. Why, you might ask, would the drug and insurance industries be paying for something that the president said would hurt them? It will not hurt them.



It will assure the drug companies can maintain their billion dollar profits on their drugs by keeping out foreign competition. Lawyers and their billions in legal fees for malpractice cases against the medical community are protected. Waivers of anti-trust laws for insurance providers will remain. Current health care providers who already charge too much will find their profits swelling from the flood of uninsured whose insurance will be paid for by new taxes.



The result? Industries such as pharmaceutical, hospitals, nursing homes, health professionals and insurance companies are pouring money into Democratic campaigns at a far greater rate than Republican campaigns.

The same is true in the financial sector. The bad boys on Wall Street, in the banking, housing and investment fields are pouring money into Democrat campaigns at almost the same rate as they are paying billion dollar bonuses. For the first time Obama has made the Democrats the favorite recipient of cash from Wall Street, banks, securities, investment, real estate, lawyers and lobbyists fields.



Republicans used to be the party of choice for Wall Street and big business. Obama has changed that long established paradigm. Indeed he has brought about the institutional change he promised, but it was not in the areas of social programs or policy initiatives. No, the Obama agenda was always about controlling the flow of dollars into campaigns.



Of course this leads to a couple of important questions about our new president. Why is he the new protector of Wall Street and big business? And who told him to do it? Certainly there is nothing in his published background that would indicate he would become the most effective fund raiser from big business in history. Nor that he could parlay his relationship with big business into controlling the money hungry minions on capitol hill by filling their campaign coffers.



Goldman Sachs, the bad boys of Wall Street, may hold the key to Obama and his conversion from populism to capitalism, Rothschild style. In numerous articles I have warned of the strange interaction between Obama during his climb to the top of the mountain and how Goldman came out of nowhere to help push him along the way. The media in America never got interested in pursuing the truth about this any more than they got interested in pursuing the truth about the Obama years after Columbia when he travelled in unusual places while his Ivy League education loans got paid off.

With the paradigm achieved and the media now learning this is not the president they were promised or expected, maybe now they will look into the background and find the truth. However, the public, especially the Democrats and Independents, know something is terribly wrong with the promise of Obama compared to the results.



Now that he or Emanuel are the new King Midas of the Democratic party and are dividing their efforts between raising money from big business to scolding big business, from financing congressional campaigns to protecting the people paying the money, maybe the traditional Democrats who have lost their party will lead a new effort to find the truth about Obama and his strange policy shifts.

Watch the flood of last minute money into the Massachusetts Senate race for Ted Kennedy's seat and look at where the money comes from and the truth will be obvious. Obama and his minions will pump into the campaign money from the very people they claim are the cause of our problems in the first place. How did they get their hands so deep into the pockets of big business? What was promised in return? Can we, all Americans, really afford the new Obama paradigm?

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Wednesday, January 13, 2010

Congress Calls Banks to Testify - Why? Maybe Congress Should Testify as Well!

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Today the Financial Crisis Inquiry Commission is hearing testimony about the economic disaster of the past year from four of the nation’s leading bankers: Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JP Morgan Chase, John J. Mack of Morgan Stanley and Brian T. Moynihan of Bank of America.



What in the world is the point? Isn't this just another example of Congress sending up a smoke screen to hide the fact there is nothing they can do about the practices and billions of dollars in executive bonuses being paid out by the banks that just a few months ago faced bankruptcy until the American taxpayers bailed them out. How can they when they are taking millions in campaign bribes from these same people for elections this year?

This is the midterm election year. It just started. Yet the House members have already raised over $263 million and Senate members have already raised over $166 million to get re-elected. Now where in the world did that money come from? Well over $85 million came from banks and over $54 million came from lawyers and lobbyists. Is there any doubt why this Congress cannot slap the hand that feeds them?



In last year's election the banks poured $132 million and the lawyers and lobbyists poured over $95 million into the presidential race. Doesn't that explain why Obama has also been silent on exposing the co-dependence between our politicians and the institutions they are supposed to regulate.

Our economy collapsed over the last two years yet Congress has just started hearings on why the economy collapsed? When do they ever plan on getting to the point of telling us which of their contributors caused the collapse, and how they intend to punish them? Never! Our federal elected officials long ago sold their souls for campaign contributions and have been protecting the thieves in our midst ever since.



Hearings like these are an insult to the public, make a mockery of our governmental system, and do nothing to stop the high crimes and theft between Wall Street in NYC and Easy Street in our Nation's Capitol. Not a single soul in Washington seems to be saying anything about stopping the millions of campaign dollars from being collected by our elected officials from the same people ripping off the system and paying the multi-billion dollar bonuses.

Campaign reform, a pledge of Obama, the Democrats and Republicans, has vanished from the national debate. Well without campaign reform nothing can be done to stop the flow of money from the banks to the politicians. If $139 million has already been invested by the banks in our politicians this year, and it is only the middle of January, just imagine the price that will be paid before the year is out to buy our politicians.



Only the people of America can stop this nonsense. We must demand politicians stop taking the bribes. And we must throw out the politicians taking the bribes. There is no way a White House and Congress already dependent on the campaign funds will stop it.



We have been lied to over and over again. Politicians and the media, whose companies are also dependent on these same firms for advertising revenue, will never tell you the truth about how the politicians and media in America are for sale.

The American revolution was fought over an insensitive government, a corrupt government, and the influence of big business and the banks on the American way of life. Nothing seems to have changed in all the years since. Once again it is the people who must take back America and purge our nation of the evil, corruption, deceit and moral decay that rein supreme.



Freedom and democracy are again threatened by political institutions that think they know better than the people. Nothing could be further from the truth. The ballot is our first line of defense to stop the rape of America and now that the president and congress have demonstrated they cannot stand up to the people who own them, we must use the ballot to clean up the mess.

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